news snippet re loans, page-5

Well Mike at the time I was entitled to the tax deductions. If everything gets reversed and cancelled I'd be very happy to pay my taxes and NEVER hear the term MIS again in my life. The only problem is the mighty Bendigo bank does not see things the way I see them. I would sympathize with them if they had paid $ for $ for the loans. However, for a loan that pays 10.5% interest they paid 38c on the $. This would be the investment of the century if everything was hunky dory, wouldn't it? So one has to ask whether the smart bankers should have smelled a rat or not. And this is their weakness in this whole argument. ...to be continued